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thing when it comes to entitlement spending. they want cuts, serious cuts in medicare, medicaid. will the liberal base of the democratic party go along with the president if he puts that into the deal? >> probably not. and part of the reason is because the democrats are in such a much more commanding position. you're talking about medicare, medicaid, social security. these are programs that are popular and working. if you look at social security, cbl says this program is solvent until 2038. you have a hard time convincing ordinary people there's some big emergency there. the tax cuts for the wealthy are budget busters. you have a hard time getting ordinary people to understand why we should take a chainsaw to middle class programs that are working, that are popular. to get republicans to do something that right now they're going to have to do anyway once january 1 comes. >> what will the democrats do to bring in the republicans to convince the republicans they're really going to cut spending? >> i think the spending cuts are on the table now with regard to defense. which i think
entitlement reform for one simple reason. medicare untouched, unchanged, runs out of money in 12 years. we need to take a hard look at it to find ways to preserve this important program, have savings that don't hurt the beneficiaries, and actually do reduce the deficit in the process. >> what about those republican critics, senator, who say it's not possible to make any real progress without -- on spending, shall we say, without seriously addressing the medicare, the medicaid, maybe even the social security entitlement program and to do it now? >> social security doesn't add one penny to the deficit. it's a separate trust fund. i believe it needs reform over a long period, but it should be done separately from this showdown over the fiscal cliff. medicare as i mentioned will run out of money if we don't do something. it runs out in 12 years. medicaid, the health insurance program for the poor across america, is critically important. one out of three people in this country are going to rely on medicare and medicaid for their health insurance. so we need to find ways to preserve these progra
identity. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ >>> breaking news tonight on the li
absorption in one daily dose. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. and social security strong for generations to come. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> breaking news tonight on the libya mess. a new allegation that the obama administration still cannot get its story straight after so much time, even as recently as this morning. ironically, this latest charge flows directly out of an attempt at damage control. u.n. ambassador susan rice's tri
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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